Bank of England Report: Measuring climate-related financial risks using scenario analysis
This article from Bank of England, written 17 April 2024, explores how financial institutions can use scenario analysis to quantify climate change risks.
This article covers:
- Climate and financial risks.
- Scenario analysis to measure climate-related financial risks including Net Zero 2050 and Divergent Net Zero.
- Applying macro scenario analysis: sovereign and corporate bonds.
Read report here
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Nature risk in the Boardroom - a dilemma scenario game
On 2 October 2024, global non-executive directors participated in the Climate Scenario Game: Nature Risk in the Boardroom, a webinar organised by Chapter Zero, the Climate Governance Initiative and GARP Risk Institute. Attendees acted as the board of a fictional company, voting on critical decisions for four future dilemmas over the next six years. Expert panellists provided insights into the decision-making process and outcomes. This immersive exercise highlighted the urgency of addressing nature risks, equipping participants to tackle policy, legal, market, and reputational challenges within their own organisations.
The use of scenario analysis in disclosure of climate-related risks and opportunities
TCFD guidance on scenario analysis.
